Industries

Wells Fargo suffered a 50% profit loss during the fourth quarter last year after a $3 billion penalty was assessed by a government agency for a six-year loan mismanagement scandal.

Three out of five Lincoln dealers have opted-in to sell electric vehicles starting in late 2024 and have committed to make the investments required to support them.

The New York Times has reported that Bed Bath & Beyond is the in the process of selling chief assets like Buy Buy baby to Sycamore Partners in New York.

The Federal Aviation Administration's outage that led to flight delays and cancellations across the U.S. was due to the actions of personnel who "failed to follow procedures."

HBO Max has increased its monthly service fee for the first time in the platform's two-year history by one dollar to $15.99 starting this week.

Assets under management stood at $8.59 trillion at the end of the quarter, down from a little more than $10 trillion a year earlier but up from $7.96 trillion in the third quarter.

Tesla is reportedly cutting prices on U.S. models, bringing them under a cap that helps them qualify for a $7,500 government tax credit.

LG Electronics issued a recall for 52,000 LG 86-inch smart televisions and stands that were sold nationwide and online are being due to "serious tip-over and entrapment hazards."

Lacoste is looking to acquire other upmarket brands and expand its appeal to young consumers through crowdsourced and decentralized designing of its clothing.

In 2022, Lucid Motors overcame production targets despite supply-chain snarls but still lagged rivals like Tesla and Rivian in proportionate delivery of EVs.

Car sales in Russia collapsed by 58.8% in 2022, the Association of European Businesses (AEB) said on Thursday.

A group of around two dozen athletes, including Cincinnati Bengals quarterback Joe Burrow and Milwaukee Bucks small forward Khris Middleton, have acquired a northern Iowa farm.

The House passed the Protecting America's Strategic Petroleum Reserve from China Act to ban the sale of oil from the SPR to entities controlled by the Chinese government.

Home improvement retailer Home Depot is making a nationwide change to how it pays hourly employees next week. The move was first reported by Business Insider.

Walmart and Salesforce announced a new partnership Thursday which will allow Walmart to sell its delivery and pickup technology to more retailers. Its

Starbucks CEO Howard Schultz is mandating that employees return to the office at least three days a week starting Jan. 31, according to a new memo.

Porsche sold 309,884 vehicles around the world in 2022, which was up 3% from the prior year despite ongoing supply chain issues that limited production.